4+ week, 1+ day ago   (708+ words) The circular denim brand was saddled with debt. Meanwhile, many analysts are turning against the letter K in describing the U.S. economy. It’s been another week with far more retail news than there is time in the day. Below, we break…...

1+ mon, 1+ day ago   (327+ words) After vacating a million square feet, the luxury retailer stopped paying $18 million in rent, but the mall owner is on pace to more than double that. Saks Global’s bankruptcy this year has been a boon to Simon Property Group, which…...

1+ mon, 5+ day ago   (226+ words) Mike George, who once led the company when it was Qurate Retail Group, has been named interim chief executive officer. Filings from QVC Group in the U.S. Bankruptcy Court for the Southern District of Texas QVC Group exited Chapter 11 in less…...

3+ mon, 4+ day ago   (480+ words) The company will slash debt by 75%, get $500 million in new financing and aim for $9 billion in GMV by 2030. But now customers need to come back. Saks Global’s plan to wrap up its Chapter 11 restructuring received approval from the U.S. Bankruptcy…...

3+ mon, 1+ week ago   (10+ words) Retail Dive...

3+ mon, 2+ week ago   (1332+ words) The luxury giant expects to achieve margins and growth that department stores haven’t seen in years. At this point Saks Global has nowhere to go but up. The luxury department store giant — a combination of Saks Fifth Avenue, Neiman Marcus…...

3+ mon, 4+ week ago   (681+ words) TJX and Nordstrom Rack were already gaining share, and they stand to benefit most as Saks Global abandons off-price retail. Because its existence was fraught from the start, few observers were surprised by Saks Global’s bankruptcy filing early this year....

4+ mon, 1+ day ago   (261+ words) The parties have settled a dispute that threatened to derail progress in Saks’ effort to exit bankruptcy court next month. Saks Global and Simon Property Group — its largest landlord — have resolved disputes over leases and other issues that have simmered…...

5+ mon, 1+ week ago   (319+ words) The luxury department store retailer has boosted inventory receipts, with more than 650 brands shipping merchandise, up from 500 a month ago. Saks Global expects to wrap up its bankruptcy proceedings sometime this summer and has secured $500 million in exit financing for…...

5+ mon, 3+ week ago   (357+ words) An ad hoc group of senior secured bondholders has approved the luxury retailer’s five-year plan, aiming for double-digit adjusted EBITDA margin and profitable growth. Saks Global is poised to unveil key elements of its business plan in a matter of…...